Post of the Day
August 23, 1999
Mechanical Investing Folder
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Why should the Motley Fool get a "free ride"
on our hard work and hard dollars?
It's the moment of truth !Well, I am torn by this type of thought and have been trying to personally dodge this. I was hoping the issue wouldn't be raised until well after I had finished but apparently that hope has been dashed.
I guess what follows are my feelings on the subject. The Motley Fool has grown tremendously from what it use to be when I first visited it a mere 2 years ago (seems so long ago). Then it was the two brothers and a few others, including Sheard, running a bunch of investing ideas and getting folks to dump their brokers and high credit card levels. For me at the time it gave me the direction and the kick in the a$$ I needed to fix myself.
Although I still floundered for another year I stumbled in the right direction. Got off the cards, dumped my mutual funds, poured into my IRA, and set myself up for the future. With the nearing end of my own graduate work at TU I found what I needed here in the Workshop. That's when I went to town. 1100 messages, two name changes, and 4x the money I started with here I am.
The Fool turned my financial life around. Could it have been different? Hell yes! Could have it been worse? Definitely. Could it have been much better? Not much more�I still mentally smart from my GEEK mistake in January and I still haven't done PEG options but I'm getting there. I am better for finding this place.
|"Much like an educational institution, the Fool provides not only content and the environment for learning from them and from others but also acts as a repository for the cumulative knowledge of others."|
Much like an educational institution, the Fool provides not only content and the environment for learning from them and from others but also acts as a repository for the cumulative knowledge of others. It is as if a huge vault or oracle where one can visit and find any answer they want. Technical analysis/voodoo witchcraft? Like Ragu--it's in there. Fundamental processing of mass stock selections? Yep. Alternatives to the Dow/S&P/Nasdaq? You betcha. Just generally goofing around? Positively. It's a requirement. We come and worship at it and many more times than not our answers are usually a few hours or days away. This is a cool place.
I guess the question comes down to whether we are viewed as graduate students or not? Are we suppose to be the teachers of all the others? Are we ourselves the guides, bearers, advocates and protectors of knowledge? Have we grown beyond our confines? Transcendent of our former teachers and the basics they taught us? Respectful of the past but surpassing the hopes and dreams of the teacher?
Have we ourselves become 'oracles?'
Myself? I sure hope not. I know I'm crazy and I'd hate to see followers of me. Scary!
Let's pose this another way: Are graduate students rewarded for their work only financially (paid stewardships) and possibly professionally (becoming teachers, industry), or is their another reward they gain from their works and publications? Do they feel exploited when someone digs up their work out of a dusty archive and quotes it in their own research, or is there a non-intrinsic feeling of satisfaction that someone else besides themselves learned and grew from their work?
Whether the Fool pays me or folks just donate the work will be done. The work for me is the reward�my contribution to the leanings from the others here and to settle my own mind as to what is the best path forward at this time. Can you hear the cravings of a research engineer? I can. That's what needs to be satisfied. I can hear it in others too. They crave the knowledge too. I just happen to have the will and method of accomplishing it whereas they can't or won't for whatever reason.
|"The work for me is the reward�my contribution to the leanings from the others here and to settle my own mind as to what is the best path forward at this time. Can you hear the cravings of a research engineer? I can. That's what needs to be satisfied. I can hear it in others too. They crave the knowledge too."|
The results will be shared with all. So many have helped out and have inspired that for the greater good of us all it will be known. We all have at times depended on others and have taken on faith the work of others. All of us have even used the work of others for the betterment of ourselves. That is the way a society grows.
Now as for sharing the final worksheets that will be different. Not only is my own work so huge that it might not be possible to share the final sheets with everyone there might be ways to share with some, but there is no way I can share with all. It is unfortunate this way but that is the way it is. I can't convert to Mac. I can't write it to a CD. I can't post it to a website to download that I know of (I'm estimating about 150 MB of data for IBD/ID years by themselves). I'm not worrying about that stuff anyway right now�I'll burn that bridge after I cross it.
I will not, however, let anyone take advantage of me and my/our work without some sort of helpful contribution to the group. I've been taken advantage of before (as I am sure we all have). I know what it feels like and if I feel it I'm stopping right there. So far, though, I don't feel it.
I'm not sure what'll happen after I'm done, but I have a good idea I'll fade away having accomplished my goal and found my paths forward. Maybe then it'll be time for someone else to emerge as the willing student and charge forward in another direction on the foundation of this and other works. Who knows? Then again message 2000 is only around the corner.
I have no idea whether that answers your question or if I just rambled past it. Oh well. Got to go work on March/April 97 now.